Scott Allen Damico of Garland Texas a stockbroker formerly registered with Capital One Investing is the subject of a customer initiated investment related written complaint which was resolved for $24,598.47 on March 13, 2017 supported by accusations that Damico was provided inaccurate information concerning her managed account investment.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Damico is referenced in five more customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with Capital One Investing, LLC. Particularly, on November 29, 2016, a customer initiated investment related complaint concerning Damico’s activities was settled for $17,048.33 in damages founded on accusations that from May 31, 2016 and October 31, 2016, the customer was led to believe that the customer’s principal would not be at risk and that the customer would earn a minimum three percent rate of return; apparently the customer’s managed account results contradicted those statements.
On January 23, 2017, several additional disputes were resolved. One customer initiated investment related complaint involving Damico’s conduct was resolved for $51,026.29 in damages based upon allegations that Damico made misrepresentations to the customer concerning rate of return, fees and liquidity pertaining to a managed account investment. A second customer initiated investment related complaint regarding Damico’s activities was settled for $19,956.84 in damages supported by accusations that Damico misled the customer.
Another customer initiated investment related complaint concerning Damico’s conduct was resolved for $25,921.75 in damages founded on allegations that the customer was provided inaccurate information about the risk of the customer’s principal being detrimentally affected; and the customer was falsely assured about being able to receive a guaranteed rate of return. Finally, on January 23, 2017, a customer initiated investment related complaint involving Damico’s activities was settled for $22,207.00 in damages based upon accusations that Damico made false statements to the customer concerning the customer’s risk and rate of return.
Damico’s registration with Capital One Investing, LLC has been terminated on November 3, 2016. Between February 22, 2017 and October 17, 2017, Damico was employed by Pruco Securities, LLC.
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